A Scottish property company has been placed into liquidation.
Liquidators were appointed to the company trading in Airdrie following a court action.
Companies House documents show liquidators were appointed after FKA Property Limited, which was registered to a West Lothian address, following an action at Livingston Sheriff Court.
The company address was changed from Inchwood Park in Bathgate to the liquidators’ in Edinburgh.
A public notice was placed that Kevin Mapstone and Kenneth Robert Craig of BTG be appointed as joint liquidators.
Companies House documents show in its most recent accounts in 2024 that four people were employed by the letting and real estate company.
It comes as new figures from the Accountant in Bankruptcy show there were 375 corporate insolvencies registered in Scotland in the first quarter of 2026, an increase of 27.6% on the same period last year.
The number of compulsory liquidations rose to 169 from 127 while creditors’ voluntary liquidations increased by 23.4%. There were 199 members’ voluntary liquidations compared to 128, an increase of 55.5%.
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Speaking on the insolvency numbers, Blair Milne, Glasgow-based corporate insolvency partner at international accountancy and business advisory group Azets, said: “The trading climate remains tough and it is clear the conflict in the Gulf is already taking a toll on cashflow and balance sheets just as it is on inflation.
“The longer the war carries on, the more it will hit margins, access to finance and affordability of funding.
“Construction firms are also suffering as the Iran conflict has increased costs and hit client confidence and willingness to commission work, while February’s poor weather has hit live and planned projects, which will affect firms across the supply chain.”
Ambitious plans for an eco-wellness and leisure park in Fife have taken a step forward.
Planning permission in principle has been granted for National Pride’s proposals to develop the former St Ninians Opencast site near Kelty.
The mixed-use development would include short term accommodation, spa facilities, art/museum/education facilities, heritage memorials and associated infrastructure.
Members of Fife Council’s West and Central Planning Committee heard that the proposals would see around 321 short-term let units – including lodges and treehouses – created along with a hotel over four phases.
Once completed, facilities would also include a farm shop and café, sports centre, yoga studio, prayer space and a cultural heritage centre.
Councillor Ian Cameron said it was a “very exciting” proposal for the area.
The club in charge of one of Scotland’s top-ranked links golf courses has announced the appointment of a new general manager as it prepares for its 250th anniversary in 2030.
The new man in charge joins from St Andrews Links Trust, the charity responsible for the town’s public courses, where he played a key role in the revival of the Old Course Reversed. First held in 2023 to commemorate the trust’s 50th anniversary as the custodian of the Home of Golf, the event takes players through the course’s original clockwise routing.
Laurie Watson spent more than 14 years at St Andrews Links Trust, most recently as the organisation’s director of engagement. He will now take the helm at Royal Aberdeen Golf Club, where he has been a member for more than 30 years.
The Herald Scottish Golf Survey is back in 2026 with some important changes we hope will be particularly useful. If your organisation has not received an invitation to take part, please contact kristy.dorsey@newsquest.co.uk.
Mr Watson’s career spans senior roles in journalism, the public sector and golf, including leadership responsibilities across courses, clubhouses, major championships, amateur events and stakeholder partnerships.
